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Great mortgage rates

Great mortgage rates

By Daniel Gutierrez. CREATED Feb 22, 2013

Now is the best time to go shopping for a mortgage loan. 

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.56 percent. Last year at this time, the 30-year rate averaged 3.95 percent.

Rates have been near record lows for four weeks.

In fact, the last time mortgage rates were above five percent was in April, 2011.